DiamondRock Hospitality Company Sets New 12-Month High at $13.44 (DRH)
DiamondRock Hospitality Company (NYSE:DRH)’s share price hit a new 52-week high during mid-day trading on Tuesday , Analyst Ratings Net reports. The stock traded as high as $13.44 and last traded at $13.39, with a volume of 668,295 shares trading hands. The stock had previously closed at $13.32.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of DiamondRock Hospitality Company in a research note on Wednesday, August 20th. They now have a $13.25 price target on the stock, up previously from $13.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of DiamondRock Hospitality Company in a research note on Monday, August 18th. They now have a $14.00 price target on the stock, up previously from $13.00. Finally, analysts at ISI Group initiated coverage on shares of DiamondRock Hospitality Company in a research note on Wednesday, July 23rd. They set a “neutral” rating and a $3.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. DiamondRock Hospitality Company presently has a consensus rating of “Hold” and a consensus price target of $12.31.
The stock’s 50-day moving average is $12.85 and its 200-day moving average is $12.43. The company has a market cap of $2.622 billion and a P/E ratio of 27.75.
DiamondRock Hospitality Company (NYSE:DRH) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $229.93 million for the quarter, compared to the consensus estimate of $231.99 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that DiamondRock Hospitality Company will post $0.87 earnings per share for the current fiscal year.
In other DiamondRock Hospitality Company news, CFO Sean M. Mahoney unloaded 20,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $13.25, for a total value of $265,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
DiamondRock Hospitality Company, is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH).
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